Get started

Injective

ETH RANGES Ethereum being the second biggest coin in market cap has a very important role to play in the crypto ecosystem, however, we haven't heard to much talk or news about the coin as other L1's have stolen the spotlight. SOLANA, INJECTIVE, SUI etc have all grown in popularity and have taken a lot of the focus away from the biggest altcoin by market cap. In the chart there are clear ranges for which I believe are worth trading. Range 1 & Range 2 are the HTF key levels, bouncing between the High, low and the midpoint of the range . Currently we have seen price be rejected from the Range 2 Midpoint the support comes from the $2130 level in the HTF but the red supporting trendline on the lower timeframes. For now the chop has kept ETH within those areas and until proven otherwise should be traded as such. A case for the bulls on Ethereum : - ETF narrative can be a powerful mover as has already been demonstrated with the BTC move all of last year. Now that the Ethereum ETF awaits approval we could see a similar rally towards the decision date at the end of May this year . It's important to note that this date is post BTC Halving event and historically a rally follows this event throughout the market. - Deflationary tokenomics lend themselves to a bullish asset for investors because of simple supply and demand dynamics. With the inevitable increase in retail exposure that comes with a Bullrun in addition to BlackRock and other ETF providers buying large sums of the crypto to offer to customers. Naturally this increases price as demand is up, now couple that with a deflationary circulating supply and you have a very bullish scenario where a very sought after asset is becoming increasingly rarer, perfect storm for the bulls. A case for the bears: - OLD NEWS... I would say that in crypto being the new kid on the block is very important for increasing the price of the token. We have seen in the last year many new L1's be released and have taken the spotlight away from older more established coins which can be disheartening for anyone that's holding ETH or looking to add ETH to their portfolio. INJECTIVE, SUI, TIA to name a few often outperform the larger cap coins that are older as the potential to grow is much larger. Ethereum already has a market cap of $280B The likelihood of 5x, 10x or 20x gains are much lower than a smaller cap coin offering a similar service with newer technology. So for this reason I think the well established nature can work against Ethereum but it is worth saying that because of this it is less risky to invest in a larger cap coin when compared to smaller caps. I'm keeping a keen eye on ETH both against stables and BTC pairs but will avoid getting drawn into the choppy price action. Only taken action at the key levels shown on the chart.
BINANCE:ETHUSD
by ProR35
INJ - Bullish Momentum Persists 📈Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 INJ has been overall bullish , trading above the red trendline. Currently, INJ is hovering around the trendline acting as a non-horizontal support. Moreover, the 30.0 marked in green is a strong support zone. 🏹 Thus, the highlighted red circle is a strong area to look for buy setups as it is the intersection of the green support and red trendline. 📚 As per my trading style: As #INJ is around the red circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) 📈 In parallel, for the bulls to take over medium-term and start the next impulse movement that will lead to the 50.0 round number, a break above the last major high in red at 40.0 is needed. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Long
by TheSignalyst
4
Injective- Drop to 20?BINANCE:INJUSDT is another token that has received a lot of hype this year, but, similar to LCX's situation, all this hype hasn't led to a price increase. If we look at the chart, we can see that after breaking above the important $10 resistance level, the price sharply rose by 400%. However, after initially surpassing $40, INJ entered a consolidation phase. Upon examining the weekly chart, it becomes evident that rallies above $40 were met with selling pressure. Additionally, yesterday, following a new attempt to exceed $40, the price experienced a significant drop. In my view, these are all signs of a potential reversal. Technically, as previously mentioned, the $40 zone acts as a strong resistance while $30 serves as a clearly defined support level. A breach below this support could drive the price down to the next support level at $25. However, given the prolonged distribution around the $40 peak, I wouldn't be surprised to see Injective fall to $20 in the long run.
Short
by Mihai_Iacob
INJ(INJECTIVE) is about to moon(100X)??So after i have been watching INJ, I realized that just like all the other Tokens, coins etc, is it as well in correction, basically market has been moving sideways, choppy, while correcting. So since 43 to 45 dollars, INJ was hitting resistance, while on the lows around 29 and 30 dollars it was hitting or on support, basically price is struggling to break above or below this range. Based on the cycle count: you can see we have a WXYXZ correction cycle pattern, which just completed around 30 dollar price, And on the current price is where I am looking for long orders. Scroll-back to see the whole analysis.
Long
by Theofylrx
INJUSDT Next target $80??INJ/USDT is showing signs of a breakout from resistance, aiming for the $80 mark with expectations of doubling returns within this range. For those considering an investment strategy, buying and holding INJ/USDT appears promising amid the resistance breakout. Traders eyeing this opportunity should closely monitor the upward momentum and potential for substantial gains in the near term. ROSEUSDT (1W Chart) Technical analysis ROSEUSDT (1W Chart) Currently trading at $41.5 Buy level: Above $41 Stop loss: Below $32.5 TP1: $45 TP2: $55 TP3: $65 TP4: $80 Max Leverage 2x Always keep Stop loss Follow Our Tradingview Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts
Long
by GreenCryptoTrades
1
Trade signal | Injective Protocol (INJ) setup for upto 23% pumpHi dear members, hope you are well and welcome to the new trade setup of Injective Protocol (INJ) with US Dollar pair. Previously after the completion of bullish Gartley INJ produce, almost 570% massive rally as below: Now on a daily time frame, INJ has formed a bullish Gartley move for the next pump. Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
Long
by moon333
INJUSDT Injective Key levels, Probability and outlook for EntryINJ/USDT Technical Analysis Report Date: January 11, 2024 Overview: Injective Protocol (INJ) has shown a significant bullish movement against USDT as observed on the weekly timeframe on Binance. The recent price action has brought INJ to a pivotal point that may indicate future price directions. Z-Score Probability Analysis: The Z-Score Probability Indicator suggests that INJ has entered a highly bullish zone, with the score reaching a peak of 34.829136, which is a rare event and indicates a strong deviation from the mean price. This could be interpreted as an overbought condition, and traders should be cautious of a potential pullback. The green area expansion on the chart also supports the bullish sentiment, but traders might want to wait for the indicator to cool down before entering new positions. Channel and Support/Resistance Analysis: INJ's price has skyrocketed through the parallel channel, breaking past the upper boundaries, which can be a sign of strong buying pressure. The price is currently hovering around 40.651 USDT with a clear spike in volume, suggesting significant interest at these levels. The dashed lines represent key support levels, with 14.990 USDT being a crucial one to watch, as it previously acted as resistance and could now serve as strong support. Volume Analysis: A spike in trading volume accompanies the recent price surge, which validates the strength of the current trend. High volume is a good indicator of sustainable moves, so the current uptrend might have the momentum to continue, provided the volume remains high. Potential Strategy: Considering the overbought conditions suggested by the Z-Score Probability Indicator, traders might anticipate a retracement. A strategy could involve waiting for the price to test the broken resistance-turned-support levels before considering entry points for long positions. Aggressive traders might look for short-term retracement trades, while conservative traders might wait for confirmation of support holding. Risk Consideration: Given the extreme reading on the Z-Score Probability Indicator, there is a risk of a sharp correction. Traders should use stop-loss orders and consider the high volatility in their risk management strategies. Conclusion: INJ has shown strong bullish momentum, but the extreme Z-Score reading suggests caution. Traders should look for potential entries on retracements to key support levels, keeping an eye on volume and price action for confirmation. As always, maintain a solid risk management strategy to protect against unexpected market moves. This report is for informational purposes only and is not investment advice. Always do your own research and consider your risk tolerance before trading.
by meloneusk
INJUSDT Injective next target 56USD? or fakeoutInjective (INJUSDT) is currently in a phase where achieving a new target around $56 is conceivable. Analysts are observing a breakthrough of resistance, which could be a key signal for further growth. However, caution is advised, and the possibility of a fakeout should be considered, especially if this breakthrough is not confirmed on higher time frames. On the 2-hour timeframe, the Money Flow Index (MFI) is very low, indicating potential overflowing liquidity and weaker investor interest. This may suggest that the current price could be susceptible to manipulation, and investors should exercise caution. Nevertheless, a strong daily trend provides positive support. This trend can be considered robust and could potentially overcome any short-term deviations on lower time frames. Investors should closely monitor market developments and be aware of potential risks associated with the current situation. Thorough analysis and strategic decision-making are crucial when trading cryptocurrencies, especially in times when the market may behave unpredictably
Long
by Bitcoinblockchainonline